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klasskru [66]
3 years ago
14

Classical macroeconomists argue that the short-run Phillips curve ________ represent a usable trade-off for policymakers because

________.
A) does; people have rational expectations
B) does; people do not have rational expectations
C) does not; people do not have rational expectations
D) does not; people have rational expectations
Social Studies
1 answer:
fenix001 [56]3 years ago
7 0

Answer:

D) does not; people have rational expectations

Explanation:

Philips short-run curve is a curve which shows the relationship between unemployment and inflation in any given country. This thoery was discovered by Professor A.W.Phillips which was based on observations he made of unemployment and changes in wage levels from 1861 to 1957 in which he found that there was a trade-off between unemployment and inflation.

<em>The argument was that, it does not represent a usable trade-off due to the fact that policy makers have a simple choice to make - to either accept the lowering of inflation or unemployment. </em>

<em> </em>

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Answer:

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Penelope asks her employee fritz to deal with problems that "you caused." fritz is feeling hurt by these comments, so he tells p
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<h3>What is an assertive action?</h3>

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Hence, in this case, Fritz is acting assertively when he responded.

Therefore, the Option B is correct.

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The correct answer should be <span>the North seemed unlikely to win the war

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The state of Florida funds a program to recruit outstanding scholars and researchers to reduce pollutants in the Everglades and
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The correct answer would be option A, Area residents.

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Explanation:

Free riders, as the name suggests, are the people who take advantage of the things free of cost. People who take benefits of something without putting any effort or without paying for it, are called the free riders.

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